Film, video and sound tracks are important forms of media. A film or a movie is formally referred to a motion picture. It is created by projecting sequenced moving images with an optical illusion effect on a screen. Sound recording or audio recording involves capturing of audio signals on storage devices either analog or digital.
The top five companies covered are Time Warner, Sony, CBS Corporation, Walt Disney and Twenty First Century Fox. Time Warner Inc. (Time Warner) was the largest company in the global film and music market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Film and Music Market Size
The global film and music market was valued at $392 billion in 2017. North America was the largest region in the film and music market in 2017, accounting for 49% market share. The USA was the largest country in the market in 2017, accounting for above 41% market share.
Film and Music Market Trend
Motion capture is the process of recording a live motion event and translating it into actionable data that allows a 3D recreation of the performance. To achieve these, performers need to wear reflective markers all over their body which are then interpreted by a computer and turned into digital 3D models. Some recent box-office blockbusters have incorporated this technology during production and have gained advantageous outcome. Through this technology real time results are achieved faster and it also reduces the cost of key-frame animation. Movies such as The Lord Of The Rings, Monster house and Happy Feet used motion capture to create 3D digital models of characters.
Film and Music Market Segmentation
The film and music market is segmented into Film And Video and Music Recording.
Film And Video industry mainly consists of establishments engaged in the production and distribution of motion pictures and other forms of videos. Together they make up the film and television production markets, two of the dominant media’s globally.
Music Recording industry comprises establishments mainly engaged in producing and distributing musical recordings, in publishing music or in providing sound recording and related services. The sound recording industry is dominated by music, and in particularly pop music, rap and rock.